China promises more loans for small companiesJOE McDONALD
The more than $300 billion set aside to replenish the emergency loan program for small businesses impacted by the coronavirus pandemic is likely already all spoken for, banking industry groups said. The initial $349 billion set aside for the Paycheck Protection Program ran out on April 16, ...
The growth in loans to small businesses was faster than to medium-sized and large companies from January to June, the report said. The loan increase came after Chinese leaders asked financial institutions to help quench capital thirst for small businesses in the hope of nurturing them to bo...
streamlined application and funding process to reduce the efforts of time-crunched borrowers in getting the best business financing, right when they need it the most. Hence, small business loans from online lending companies have emerged as the best alternative to commercial bank loans for small ...
Banks have their own difficulties. No matter whether the financial storm is coming, it is difficult for small and medium-sized enterprises to raise funds for banks. Under the catalysis of the storm, the contradiction between the loan demand of SMEs and the credit business of banks has been ma...
BEIJING, Aug. 18 (Xinhua) -- China saw a surge in the outstanding sum of loans to small and micro companies in the first half of this year thanks to the government's support for inclusive finance. By the end of the second quarter, the balance of loans issued by the country's banking...
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"The lack of appropriate collateral is one of the basic sources of financial difficulty for small and micro businesses," the study said. Banks often demand companies to stump up property as a collateral or a guarantee before they get a loan, it said, even though the survey showed...
NAIROBI, May 11 (Xinhua) -- Kenya's interest rate capping law that was put in place in 2016 has reduced the access to loans for Small and Medium Enterprises (SMEs), the banking industry lobby said on Friday. Habil Olaka, the CEO of the Kenya Bankers Association (KBA), told a media ...
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